NOT LISTED FOR SALE

233 Argonne Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,538,000 - $1,707,000

4 Beds
4 Baths
2,329 Sq Ft
$698/Sq Ft Est. Value

Last Sold November 15, 2021

Last sale price $1,480,000 $635 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $10,030/month

61 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Granite Countertops
  • 4 Car Garage
  • Lowell Elementary School Rated A-
  • Laundry Room
  • 1-minute walk to Livingston Drive Park

About This Home

As of November 2021

4 Unit located within highly desirable Belmont Shore, Long Beach. Being within walking distance to the beach and popular 2nd Street, as well as supplying convenient garages for each unit and onsite coin laundry, tenant selection and retention are a breeze. While its mid-century modern architecture, with clean lines and simplicity, present classic modernity in natural for, its renovated interiors and exterior make it the pride of ownership. Listed for a modest $362,500 per unit, the over $100,000 in renovations was well spent. Consisting of all one bedroom and one bathroom units, three of the units display beautiful and durable granite countertops, as well as new cabinets, floors, and paint. The fourth unit has new floors and has recently been painted. Units are separately metered for gas and electricity and rents have not been raised within the last 12 months, allowing for a substantial upside in returns up to a 3.28 Cap Rate with only one increase.

Last Agent to Sell the Property

John 'Jack' McCann

Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 08/30/2021

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Marissa Case

Rise Realty License #02099936

Last Buyer's Agent

John 'Jack' McCann

Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 08/30/2021

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 3,058

Home Design

  • Midcentury Modern Architecture
  • Flat Roof Shape
  • Rolled or Hot Mop Roof

Interior Spaces

  • 2,329 Sq Ft Home
  • 2-Story Property
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Private Parking

Additional Features

  • 3,058 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Laundry Facilities
  • Vacancy Allowance $2,149

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number 7249-033-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

3,058 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 2329
  • Lot Acreage: 0.0702
  • Stories: 2
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Common Walls: Attached
  • Bathroom Features: Remodeled
  • Kitchen Features: Granite Counters, Remodeled
  • Laundry: Community, Room
  • Total Bathrooms: 4.00
  • Equipment: Washer, Dryer
  • Price Per S Q F T: 622.58

Exterior Features

  • Other Structures: None
  • Paved: Yes
  • Roof: Flat, Rolled/Hot Mop

Garage/Parking

  • Parking Garage: Garage, Private
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 7249-033-017
  • Lot Size Area: 3058

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.85
  • Number Of Units: 4
  • Type Of Units: Income
  • Vacancy Allow: 2149
  • Vacancy Allow Percent: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2019
Sold by
Romero Richard O and Jimenez Laura
Bought by
Romero Richard O and Jimenez Laura
Current Estimated Value
$1,625,646

Purchase Details

Closed on
Jun 28, 2006
Sold by
M Shapiro Llc
Bought by
Romero Richard O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Outstanding Balance
$520,834
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,104,812

Purchase Details

Closed on
Oct 29, 2004
Sold by
Menzies Thomas Neal and Campbell John
Bought by
M Shapiro Llc

Purchase Details

Closed on
Sep 13, 1993
Sold by
Shapiro Meyer
Bought by
Shapiro Meyer H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Romero Richard O -- None Available
Romero Richard O $1,100,000 First American Title Co
M Shapiro Llc -- --
Shapiro Meyer H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romero Richard O $880,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2021 11/15/21 Sold $1,480,000 +2.1% $635 / Sq Ft
10/30/2021 10/30/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $1,450,000 0.0% $623 / Sq Ft
09/03/2021 09/03/21 Pending -- -- --
08/30/2021 08/30/21 For Sale $1,450,000 -- $623 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,858 $1,570,587 $1,018,759 $551,828
2024 $19,858 $1,539,792 $998,784 $541,008
2023 $19,523 $1,509,600 $979,200 $530,400
2022 $18,314 $1,480,000 $960,000 $520,000
2021 $16,893 $1,361,524 $656,007 $705,517
2019 $16,651 $1,321,722 $636,550 $685,172
2018 $16,237 $1,295,818 $624,069 $671,749
2016 $14,946 $1,244,944 $599,837 $645,107
2015 $14,339 $1,226,244 $590,827 $635,417
2014 $14,236 $1,202,225 $579,254 $622,971
Source: Public Records

Agents Affiliated with this Home

  • John 'Jack' McCann

    Seller's Agent in 2021

    John 'Jack' McCann

    Lyon Stahl Investment Real Estate, Inc.

    (310) 408-0121

    3 in this area

    37 Total Sales

    John 'Jack' McCann
    Section Image
  • Marissa Case

    Seller Co-Listing Agent in 2021

    Marissa Case

    Rise Realty

    (562) 253-3348

    1 in this area

    8 Total Sales

    Marissa Case
    Section Image
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Map

Source: The MLS

MLS Number: 21-778190

The MLS

APN: 7249-033-017

California Los Angeles County Long Beach 90803 Belmont Shore

233 Argonne Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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